Rice vendor Eddie Pascual, 58, anticipate his common shoppers at his rice stall in Marikina Public Market on Monday, June 10, 2024. INQUIRER / GRIG C. MONTEGRANDE
MANILA – The Division of Agriculture (DA) reported Thursday the arrival of greater than 101,000 metric tons (MT) of imported rice as of July 25.
The mentioned quantity arrived following the implementation of Government Order No. 62, or the reducing of tariffs on imported rice from 35 to fifteen p.c final July 5, which is anticipated to decrease rice retail costs by P6 to P7 per kilogram.
“General, from January to 3rd week ng (of) July, nasa (it’s at) 2.4 million metric tons, which is larger than the extent of the identical interval final 12 months,” DA Assistant Secretary Arnel de Mesa mentioned in an ambush interview citing import information of the Bureau of Plant Trade (BPI).
READ: Tariff minimize on imported rice: A big gamble native farmers gained’t take
De Mesa mentioned the entry of mentioned quantity additional sustains a secure provide of the nation’s staple, alongside the native palay manufacturing throughout the dry harvest season.
In response to the Philippine Statistics Authority (PSA), the Philippines has recorded greater than 8.53 million MT for the primary semester of the 12 months.
De Mesa, likewise, talked about the Nationwide Meals Authority (NFA)’s robust procurement for the nation’s nationwide rice buffer inventory, securing 3.5 million luggage of palay throughout the dry harvest season.
He mentioned these bolsters confidence within the nation’s rice stock regardless of the results of the improved southwest monsoon, Tremendous Hurricane Carina, and the looming La Nina.
READ: DA to import extra rice as ‘Bigas 29’ begins in July
To this point, the rice sector incurred round 10,639 MT of quantity loss amounting to P635.17 million, which is nicely inside the 500,000 MT to 600,000 MT annual projected losses as a consequence of pure calamities.
The DA has additionally assured that there’s no motive for rice retail worth hikes contemplating a secure provide within the nation.
As of July 31, the prevailing worth vary of native regular-milled rice in Metro Manila is ready at P45/kg to P50/kg, whereas the native well-milled rice is ready at P48/kg to P55/kg, in line with the DA-Bantay Presyo.
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For imported regular-milled rice, the value vary is pegged at P47/kg to P48/kg, and P51/kg to P53/kg for imported well-milled rice.
